Arcos Dorados Holdings Inc. to Issue Quarterly Dividend of $0.06 (NYSE:ARCO)

Arcos Dorados Holdings Inc. (NYSE:ARCO) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Investors of record on Monday, December 22nd will be given a dividend of 0.06 per share by the restaurant operator on Friday, December 26th. This represents a $0.24 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, December 22nd.

Arcos Dorados has a dividend payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Arcos Dorados to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 32.9%.

Arcos Dorados Trading Down 3.3 %

NYSE:ARCO opened at $7.95 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63. Arcos Dorados has a one year low of $7.02 and a one year high of $11.88. The business’s 50-day simple moving average is $7.79 and its 200 day simple moving average is $8.28. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 11.35 and a beta of 1.09.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings data on Wednesday, March 12th. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Arcos Dorados had a return on equity of 29.74% and a net margin of 3.25%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, sell-side analysts predict that Arcos Dorados will post 0.63 earnings per share for the current fiscal year.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.